What HUD offices serve Oyster Bay, New York?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Oyster Bay.
How many renters live in Oyster Bay, New York?
The City of Oyster Bay has 6,640 people living in 2,717 households.
There are 2,662 renters living in 1,369 renter households in this City. Renters make up 40.09 percent of the population living in Oyster Bay.
What is the rental market like in Oyster Bay, New York?
There are an estimated 2,941 housing units in the Oyster Bay area. Of these, 1,465 units are rental homes, making up 50 percent of the housing market. For every renter household in Oyster Bay, New York, there are 1 rental units.
What is the vacancy rate for rentals in Oyster Bay?
The rental vacancy rate in Oyster Bay is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Oyster Bay for each bedroom size?
Occupied Rental Units by Size in Oyster Bay
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 147 | 774 | 205 | 199 | 16 |
Occupied Rental Units by Size in Oyster Bay
A large number of apartments in Oyster Bay have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Oyster Bay are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 28 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Oyster Bay
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,708 to $3,521. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,708 |
| One BR | $2,144 |
| Two BR | $2,508 |
| Three BR | $3,246 |
| Four BR | $3,521 |
2024 Fair Market Rents in Oyster Bay, New York
How many units are rented at Fair Market Rent (FMR) in Oyster Bay?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 115 | 78 percent |
| One BR | 145 | 19 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Oyster Bay, New York
How many affordable rental units are in Oyster Bay?
There are a variety of federal affordable housing programs serving households in Oyster Bay, New York including the following:
| Federal Program | Unit Count |
| Public Housing | 93 |
Tracked Units by Federal Program in Oyster Bay, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oyster Bay, New York
Oyster Bay features 191 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Oyster Bay, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oyster Bay.
Housing Choice Vouchers in Oyster Bay, New York
On average, Section 8 Housing Choice vouchers pay Oyster Bay landlords $900 per month towards rent. The average voucher holder contributes $700 towards rent in Oyster Bay.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oyster Bay, New York for a two-bedroom apartment is between $2,257 and $2,759.
Sourced from federal housing data and AffordableHousingOnline.com research.
